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NAV as on
21 Mar 2016
(Direct Plan - Growth Option)
Direct Plan - Dividend Option : 10.0000
Direct Plan - Growth Option : 13.9300
Dividend Option : 10.0000
On the first 100 crores daily net assets 2.50%On the next 300 crores daily net assets 2.25% On the next 300 crores daily net assets 2.00% On the balance of the net assets 1.75%
In addition to the above a charge of 20 bps on the daily net assets.
Excluding Service Tax on Investment Management Fees, if any.
Direct Plan shall have a lower expense ratio by 0.50%.
(#) Any change in the expense ratio will be updated within two working days.
Collectively over 18 years of experience in Indian financial markets, primarily in equity research & Fund Management
Other funds Managed
The product is suitable for investors who are seeking:*
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Note: Risk is represented as:
The Scheme would invest in equity securities which are specified as Eligible Securities for RGESS as amended from time to time. The investment objective of the Scheme is to generate long term capital appreciation from a portfolio of Eligible Securities as specified in Rajiv Gandhi Equity Savings Scheme. The investment strategy of the Scheme is to build and maintain a diversified portfolio of "Eligible Securities as specified under RGESS'' that have the potential to appreciate in the long run.Companies identified for selection in the portfolio will have demonstrated a potential ability to grow at a reasonable rate for the long term. The aim will be to build a portfolio that adequately reflects a cross-section of the growth areas of the economy from time to time. While the portfolio focuses primarily on a buy and hold strategy at most times, it will balance the same with a rational approach to selling when the anticipated price appreciation being achieved or being no longer possible due to a change in fundamental factors affecting the company or the market in which it competes, or due to the availability of an alternative that, in the view of the Fund Manager offers superior returns.
The investment strategy of the Scheme is to invest in a portfolio of diversified equities from the following universe of Eligible Securities as specified under RGESS :
RISK CONTROLInvestments made from the net assets of the Scheme would be in accordance with the investment objective of the Scheme and the provisions of the SEBI (MF) Regulations. The AMC will strive to achieve the investment objective by way of a portfolio comprising predominantly of Eligible Securities as specified under RGESS. The RGESS guidelines, as amended from time to time would be adhered to in the management of this Scheme. The scheme shall invest in cash & cash equivalents and money market instruments to meet the liquidity requirements for honouring redemptions (at the time of maturity)/ expenses. Every investment opportunity in Money Market Instruments would be assessed with regard to credit risk, interest rate risk and liquidity risk. Credit Evaluation PolicyThe credit evaluation policy of the AMC entails evaluation of credit fundamentals of each investment opportunity. Some of the factors that are evaluated inter-alia may include outlook on the sector, parentage, quality of management, and overall financial strength of the credit. The AMC utilises ratings of recognised rating agencies as an input in the credit evaluation process. Investments in bonds and debenture are usually in instruments that have been assigned high investment grade ratings by a recognized rating agency. In line with SEBI Circular No. MFD/CIR/9/120/ 2000 dated November 24, 2000, the AMC may constitute committee(s) to approve proposals for investments in unrated instruments. The AMC Board and the Trustee shall approve the detailed parameters for such investments. The details of such investments would be communicated by the AMC to the Trustee in their periodical reports. It would also be clearly mentioned in the reports, how the parameters have been complied with. However, in case any security does not fall under the parameters, the prior approval of Board of AMC and Trustee shall be sought. Interest Rate RiskAn interest rate scenario analysis would be performed on an on-going basis, considering the impact of the developments on the macro-economic front and the demand and supply of funds. Based on the above analysis, the AMC would manage the investments of the Scheme on a dynamic basis to exploit emerging opportunities in the investment universe and manage risks at all points in time. Market Liquidity RiskThe liquidity of investments made in the Schemes may be restricted by trading volumes, settlement periods and transfer procedures. Although the investment universe constitutes securities which will have high market liquidity, there is a possibility that market liquidity could get impacted on account of company/sector/general market related events and there could be a price impact on account of portfolio rebalancing.
Different segments of the Indian financial markets have different settlement periods and such periods may be extended significantly by unforeseen circumstances. Delays or other problems in settlement of transactions could result in temporary periods when the assets of the Schemes are uninvested and no return is earned thereon. The inability of the Scheme to make intended securities purchases, due to settlement problems, could cause the Schemes to miss certain investment opportunities. Money market instruments, while fairly liquid, lack a welldeveloped secondary market, which may restrict the selling ability of the Schemes and may lead to the Schemes incurring losses till the security is finally sold. Liquidity Risk on account of unquoted and unlisted Money Market Instrument The liquidity and valuation of the Scheme's investments due to its holdings of unlisted money market instrument may be affected if they have to be sold prior to their target date of divestment. Securities, which are not quoted on the stock exchanges, are inherently illiquid in nature and carry a larger amount of liquidity risk, in comparison to securities that are listed on the exchanges or offer other exit options to the investor. Within the Regulatory limits, the AMC may choose to invest in unlisted securities that offer attractive yields. This may increase the risk of the portfolio. Applicable NAV (after the scheme opens for repurchase) The AMC shall update the NAVs on the website of the Mutual Fund (www.hdfcfund.com) and on the website of AMFI (www.amfiindia.com) by 9.00 p.m. on every Business Day. In case of any delay, the reasons for such delay would be explained to AMFI in writing. If the NAVs are not available before commencement of Business Hours on the following day due to any reason, the Mutual Fund shall issue a press release giving reasons and explaining when the Mutual Fund would be able to publish the NAVs.. For list of Self Certified Syndicate Banks (SCSBs) and their Designated Branches (DBs) click on the following links below: For list of SEBI Website, Please Click HereFor list of NSE Website, List of SCSBs (including details Controlling Branch & Designated Branch)
To generate long term capital appreciation from a portfolio of Eligible
Securities as specified in Raji
To generate long term capital appreciation from a portfolio of Eligible Securities as specified in Rajiv